Mindtree

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Mindtree - Total results - 144
Mindtree shares zoom over 13% after company reports 3.9% rise in net profit for March 2020 quarter
Business

Mindtree shares zoom over 13% after company reports 3.9% rise in net profit for March 2020 quarter

Mindtree's board of directors has recommended a final dividend of Rs 10 per equity share for the financial year ended 31 March 2020, subject to the approval of shareholders at the 21st annual general meeting.

Coffee Day investigation reveals about Rs 2,000 cr missing from firm's accounts after death of VG Siddhartha; report likely to be released soon
Business

Coffee Day investigation reveals about Rs 2,000 cr missing from firm's accounts after death of VG Siddhartha; report likely to be released soon

Over a hundred-page draft report, which is expected to be released soon, mentioned about the financial transactions of Coffee Day and its dealings with dozens of private companies owned by Siddhartha.

Mindtree appoints former Accenture executive Dayapatra Nevatia as Chief Operating Officer
Business

Mindtree appoints former Accenture executive Dayapatra Nevatia as Chief Operating Officer

IT firm Mindtree on Monday said it has appointed Dayapatra Nevatia as its Chief Operating Officer

China’s growing interest in India’s auto market, Federal Bank’s asset quality improves in Q3; all this and more on Moneycontrol Pro
Business

China’s growing interest in India’s auto market, Federal Bank’s asset quality improves in Q3; all this and more on Moneycontrol Pro

China’s interest in India’s automobile sector could be tactical, getting a foot in the door because an opportunity presented itself.

Vedanta gets access to NALCO's alumina, govt demands higher dividend from oil PSUs; all this and more on Moneycontrol Pro
Business

Vedanta gets access to NALCO's alumina, govt demands higher dividend from oil PSUs; all this and more on Moneycontrol Pro

The Supreme Court allowed Vedanta access to Nalco’s alumina if it fulfils certain conditions.

Mindtree Q3 net profit up 3% to Rs 197 cr; revenue rises 10% to Rs 1,965 cr
Business

Mindtree Q3 net profit up 3% to Rs 197 cr; revenue rises 10% to Rs 1,965 cr

IT firm Mindtree on Tuesday reported a 3 percent rise in consolidated net profit at Rs 197 crore for the December 2019 quarter

Yes Bank flashes red card to Cafe Coffee Day's plan to sell tech park to Blackstone Group; lender sets conditions for NOC
Business

Yes Bank flashes red card to Cafe Coffee Day's plan to sell tech park to Blackstone Group; lender sets conditions for NOC

In August this year, the board of directors of CDEL had approved the sale of Global Village Technology Park spread of 90 acres near Bengaluru to Blackstone for up to Rs 3,000 crore.

Coffee Day Enterprises reports multi-fold jump in net profit at Rs 1,567 cr thanks to Mindtree disinvestment
Business

Coffee Day Enterprises reports multi-fold jump in net profit at Rs 1,567 cr thanks to Mindtree disinvestment

The company, which runs Cafe Coffee Day chains, had reported a profit of Rs 21.06 crore for April-June period a year ago

Coffee Day sale of non-core businesses, rise in July industrial production; all this and more on Moneycontrol Pro
Business

Coffee Day sale of non-core businesses, rise in July industrial production; all this and more on Moneycontrol Pro

The bulk of the selling in the Coffee Day Enterprises stock seems to be over, with the shares hitting the upper circuit for the last three days

CCD founder VG Siddhartha dead; latest updates: Businessman cremated in Chethanahalli coffee estate
India

CCD founder VG Siddhartha dead; latest updates: Businessman cremated in Chethanahalli coffee estate

CCD founder VG Siddhartha found dead; LATEST updates: VG Siddhartha’s mortal remains are being taken to his native place, Chethanahalli. The final rites will be conducted at 6.30 pm at his estate.

VG Siddhartha found dead: CCD founder reimagined idea of coffee in India, always sought to strike out on his own
India

VG Siddhartha found dead: CCD founder reimagined idea of coffee in India, always sought to strike out on his own

V G Siddhartha was listed as the 75th richest man in India in the Forbes billionaire in 2015

VG Siddhartha dead: CCD had mounting debt, but facts don’t suggest coffee chain was a failed affair beyond redemption
Business

VG Siddhartha dead: CCD had mounting debt, but facts don’t suggest coffee chain was a failed affair beyond redemption

Selling his assets and part of his shareholding would have given a new lease of life to CCD and VG Siddhartha

VG Siddhartha found dead in Mangaluru: No one was harassed, claims Income Tax dept; CCD founder had tax liability of Rs 447.47 crore
India

VG Siddhartha found dead in Mangaluru: No one was harassed, claims Income Tax dept; CCD founder had tax liability of Rs 447.47 crore

"The investigation had started after a search in September 2017 and VG Siddhartha himself had admitted the income of Rs 362.11 crore and Rs 11.62 crore. Thereafter, income tax investigation wing in appraisal report had estimated undisclosed income of Rs 364.46 crore in case of VG Siddhartha and Rs 118.02 Crore for Coffee Day Enterprises Limited," sources said, adding that tax liability of Siddhartha was around Rs 447.47 crore and for Coffee Day Enterprises Limited it was around Rs 188.69 crore.

VG Siddhartha's suicide and perils of entrepreneurship: CCD founder among biz leaders who fell prey to high-pressure job
India

VG Siddhartha's suicide and perils of entrepreneurship: CCD founder among biz leaders who fell prey to high-pressure job

To the outside world, things weren't as bad for VG Siddhartha, founder of India's largest Coffee chain Cafe Coffee Day. But beneath the surface, there were signs of distress.

I-T Department had attached Mindtree shares held by VG Siddhartha without notice: Sources
Business

I-T Department had attached Mindtree shares held by VG Siddhartha without notice: Sources

There was no demand made by I-T Department before attaching Mindtree shares and for a “potential” tax demand of Rs 625 crore, shares worth Rs 3,000 crore were attached.

Founders requested to extend support for smooth transition to new leadership team: Mindtree
Business

Founders requested to extend support for smooth transition to new leadership team: Mindtree

The construction major's takeover of Mindtree had marked the first hostile acquisition in the country's IT space, and L&T now holds 60.06% stake in the IT firm.

Mindtree shares tank nearly 11% on disappointing Q1 results; company posts 41% drop in net profit
Business

Mindtree shares tank nearly 11% on disappointing Q1 results; company posts 41% drop in net profit

IT firm Mindtree shares plunged nearly 11 percent on Thursday after the company posted a 41.4 percent decline in consolidated net profit for the June quarter

L&T Group head AM Naik appointed as Mindtree non-executive Chairman
Business

L&T Group head AM Naik appointed as Mindtree non-executive Chairman

L&T was categorised as the new promoter of Mindtree earlier this month